Norsl Hydro Concludes a Strong 2017 With Solid 4Q Results; Slightly Raising FVE To NOK 37
Norsk Hydro turned in impressive 2017 results, as underlying earnings per share more than doubled to NOK 3.95 versus the same period last year. Underlying EBITDA rose sequentially across all six reporting segments, increasing 51% to NOK 17.4 billion, a 15.9% margin on sales of NOK 109.2 billion. We've increased our near-term profit outlook for Hydro, as elevated alumina and aluminum average selling prices have persisted longer than we expected into 2018. Our fair value estimate rises to NOK 37 p...
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